Money and Finance
Charlie Munger quote
“If you’re going to be an investor, you’re going to make some investments where you don’t have all the experience you need. But if you keep trying to get a little better over time, you’ll start to make investments that are virtually certain to have a good outcome. The keys are discipline, hard work, and practice. It’s like playing golf—you have to work on it.” –Charlie Munger
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Structuring Compensation Incentives...
From Charlie Munger: The Complete Investor: Munger believes that structuring compensation incentives is critical. If the right structure exists, then a seamless web of deserved trust can be created which lessens problems related to this tendency....
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On Checklists And Not Being Stupid...
From Charlie Munger: The Complete Investor: A lattice approach is, in effect, a double-check on the investing process. But instead of just two checks, you are checking the result over and over. Munger believes that by going over your decision-making process...
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Tren Griffin On Mental Models And Investing...
From Charlie Munger: The Complete Investor (which according to Amazon, is now being shipped for end-of-week deliveries): No one can know everything, but you can work to understand the big important models in each discipline at a basic level so they...
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Valuewalk's 10-part Charlie Munger Series (pdf)
Link to: Charlie Munger: Life and Career, A 10 Part Series .................... And in case you haven't pre-ordered your copy of this book yet (September release): Charlie Munger: The Complete Investor
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Charlie Munger Speech At Usc - May 2007
Just in case any readers haven’t watched or read this speech in a while. This speech is also in the third edition of Poor Charlie’s Almanack, and I took some notes on it when I first watched it HERE. Links to videos: Charlie Munger Speech at USC -...
Money and Finance